DHFL Pramerica Term Insurance

• Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
• Claim up to Rs. 1,50,000 deduction under section 80C**
• Choose between annual and monthly premium payment options

It is important to protect the future of your loved ones while you work to achieve your dreams. Life is unpredictable, and in case you, being the sole bread provider in your family, happen to be critically injured, get diagnosed with a serious health condition, or at worse meet your death, you would not want your family to suffer financially. Thus, it is always recommended that you purchase a term insurance plan or a protection plan which ensures that your loved ones are able to take care of their day-to-day needs regardless of whether you are there with them or not.

Hence, DHFL Pramerica Life Insurance Company offers you a host of term insurance and protection plans which you can choose from based on your age, income, needs, financial liabilities, etc. We will have a look at the term insurance plans provided by the insurance company.

DHFL Pramerica Family First Plan

This is a monthly benefit term insurance plan which takes care of your loved ones’ financial needs regardless of whether you are with them or not. This plan ensures that it provides protection to your family during the financial gaps in their lives.

Eligibility criteria

Benefits provided under DHFL Pramerica Family First Plan

Some of the benefits offered by this plan are:

• In case something happens to you, the beneficiary receives a lump-sum amount called the death benefit which is 20 times your monthly income. This amount helps in taking care of any immediate need.
• Your loved ones also receive a fixed monthly income which helps them in taking care of their day-to-day needs. The monthly income will be provided till the end of the policy term.
• A guaranteed monthly income for 4 years over and above the lump-sum amount is paid even if the claim occurs in the last four policy years.
• You are eligible to receive various tax benefits on availing this plan.
• This plan also offers you the option of availing any of the two or both the riders available under this plan. These riders provide a protective cover against additional risks. The riders available under this plan are DHFL Pramerica Critical Illness Rider and DHFL Pramerica Accidental Death Benefit Rider.

DHFL Pramerica Family Income Plan

This is another term insurance plan offered by DHFL Pramerica Life Insurance. It provides you and your loved ones with a protective cover in an economical manner. The plan also offers a regular monthly income so that your loved ones could take care of their day-to-day needs regardless of whether you are around or not. This plan also offers attractive premium rates for both men and women.

Eligibility criteria

Benefits provided under DHFL Pramerica Family Income Plan

Some of the benefits that you will get to enjoy on purchasing the DHFL Pramerica Income Plan are:

• In case of your death, the beneficiary will receive the monthly income benefit from the date of your demise till the time the policy is active. The monthly income that you would like to receive is chosen during the inception of the policy and cannot be changed thereafter. The monthly income provided will be for a minimum of 36 monthly installments.
• If you availed for the option of receiving a lump-sum benefit, you will receive a discounted value of all the future monthly income that you are eligible to receive. The insurance company from time to time will decide the discount for the rate of return.
• Under this plan, you have the option of availing any of the two or both riders which the plan comes with. These riders provide extra protection against additional risks. The riders available under this plan are DHFL Pramerica Critical Illness Rider and DHFL Pramerica Accidental Death Benefit Rider.

DHFL Pramerica TruShield Plan

This is a protection plan offered by DHFL Pramerica Life Insurance and it aims to protect the future of your loved ones in your absence. One of the highlights of this plan is that the premiums paid by you are returned to you, in case you do not file any claims during the period when your policy is in force.

Eligibility criteria

Benefits provided under DHFL Pramerica TruShield Plan

Some of the benefits provided under this particular plan are:

Death benefit: In case of your unfortunate death, the beneficiary will be paid a lump-sum amount called the death benefit.

The beneficiary is also eligible to receive extra death benefits as Additional Shield Cover provided that you have paid all the premiums. There are couple of options of which you can choose any one. The options are:

• Option A: Level cover: The cover amount to be paid upon your death remains constant throughout the policy term.
• Option B: Reducing cover: The cover amount to be paid upon your death reduces over the course of the policy, assuming that you have repaid a loan yearly in arrears, with rate of interest of 15% per annum over the policy term.

The minimum death sum assured that the beneficiary will receive in case of your demise is:

Limited pay

If you have availed the limited pay option, then the minimum death sum assured that the nominee will receive will be the highest of:

• 10 times the annualised premium; or
• 105% of the total premiums paid; or
• Maturity sum assured; or
• The absolute cover amount which is equal to the base sum assured or reducing sum assured whichever applicable, to be paid upon your death.

Single pay

If you have availed the single pay option, the minimum death sum assured that the nominee will receive will be the highest of:

• If your age is less than 45 years, you will receive 125% of the single premium. If your age is 45 years and above, the death benefit you will receive will be equal to 110% of the single premium; or
• Maturity sum assured; or
• The absolute cover amount which is equal to the base sum assured or reducing sum assured whichever applicable, to be paid upon your death.

Maturity benefit: You will receive an amount called the maturity sum assured in case you survive the policy tenure.

DHFL Pramerica U-Protect

This is a term insurance plan which ensures that your loved ones do not face any financial problems and

lead a comfortable life even if you are not around with them in future. The plan offers lower premiums

to you if you do not smoke, and attractive premium rates for both men and women. Apart from that, this particular plan also offers you the option of enjoying various tax benefits as well.

Eligibility criteria

Benefits provided under DHFL Pramerica U-Protect

Some of the benefits that you will receive under this plan are:

• In case of your death, the beneficiary will receive the sum assured and the policy will be terminated.
• This plan comes with 2 riders which you can apply for. These riders provide extra protection against additional risks. The riders available under this plan are DHFL Pramerica Critical Illness Rider and DHFL Pramerica Accidental Death Benefit Rider.

These are some of the term/protection plans offered by DHFL Pramerica Life Insurance. Before you purchase any of these insurance plans for yourself, you must be sure about your needs and future requirements. Once you know which one among these plans will be suitable for you, you can go ahead and purchase the plan for yourself.